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Business Recorder
4 hours ago
- Automotive
- Business Recorder
European shares close lower as US-EU trade deal draws mixed response
European shares pulled back from a four-month high and settled Monday's choppy session marginally lower as investors weighed the implications of a framework trade agreement between the United States and the European Union. The pan-European STOXX 600 index rose as much as 1% to touch a four-month high on initial relief that prolonged negotiations yielded a deal that said a 15% U.S. tariff will be slapped on most EU goods - a significant reduction from the previously threatened 30% rate. However, the index closed 0.2% lower as the deal quashed hopes for a zero-for-zero agreement and an average rate last year of around 2.5%. 'While the 15% tariff on most EU exports is lower than the threatened 30%, it's still a sharp jump from pre-2025 levels when many goods faced tariffs under 3%, and is likely to add to inflationary pressures in the months ahead,' Lale Akoner, global market analyst at eToro, said. Auto-related stocks were among top sectoral underperformers with a 1.7% decline. The baseline tariff brings levies for the auto industry down from the 27.5% faced before. Spirits stocks Pernod Ricard and Anheuser-Busch inBev slipped 3.5% and 3.6%, respectively, as the trade deal did not contain any decision regarding the spirits sector. European shares settle lower as investors gauge mixed earnings, EU-US trade progress Heineken dropped the most on the benchmark index, down 8.5%, after the Dutch brewer said it was weighing all options to deal with growing tariff challenges long-term, including shifting manufacturing. The deal also said EU member states will purchase U.S. military equipment, without specifying an amount. The STOXX defence sector ended 1.3% lower. The benchmark STOXX index has gained about 19% since the initial shock after Trump initially threatened tariffs in early April. It is now within 2.5% of its March all-time high. 'We're actually neutral on both U.S. and European stocks, but on the short term if we have to think till the year end, we're more positive actually on U.S. versus European stocks,' said Anthi Tsouvali, multi-asset strategist at UBS Wealth. On the flip side, energy sector stocks rose 1.1%, as oil prices were boosted after the trade deal. Technology shares advanced 0.6% as ASML, the world's biggest supplier of computer chip-making equipment, gained 4.9% on expectations that the sector might be exempted from tariffs. The healthcare sector was also marginally higher. Investors face a week with several market-moving events including policy decisions from the Federal Reserve and Bank of Japan, earnings from 'Magnificent Seven' tech companies like Apple and Microsoft, and the August 1 tariff implementation deadline.
The Australian
7 hours ago
- Automotive
- The Australian
Tesla earnings call: Investors brace for crucial Q2 report amid delivery slump
Tesla will report its second-quarter earnings on Wednesday evening (United States time), with investors and analysts watching closely. The electric vehicle giant's expected revenue is to come in at USD 22.7 billion, down 11 per cent from the same quarter last year. It's also experienced a decline in global deliveries, down 13.5 per cent year-on-year to 384,122 vehicles, which marks the third consecutive quarter of decline and the lowest volume recorded in more than a year. The company's share price has fallen 18 per cent since the beginning of the year and is now trading 35 per cent below its December 2024 peak. People visit a booth of Tesla during the 3rd China International Supply Chain Expo at the China International Exhibition Center, in Beijing, China, Friday, July 18, 2025. (AP Photo/Mahesh Kumar A.) eToro market analyst Josh Gilbert said the result from the earnings call is unlikely to satisfy investors. 'Even if Tesla delivers a solid set of numbers, it's unlikely to escape heavy scrutiny when it reports earnings on Wednesday, US time,' he said. Gilbert said Musk's latest developments in AI and cost-cutting might provide some relief in the short term, but 'expectations are low'. Tesla's product has remained flat year-on-year at 410,244 vehicles, which has raised concerns about demand. On top of slowing demand, the Cybertruck has not been as successful as investors hoped. 'The Cybertruck has also been arguably somewhat of a flop so far, with a third consecutive quarter of falling sales now hitting their lowest point in a year,' Josh Gilbert said. Regardless, Tesla remains a dominant force in the global electric vehicle market. However, its success has not been without challenges. Tesla CEO Elon Musk made a commitment to step away from politics after his controversial time with DOGE. However, that promise has been short-lived. (AP Photo/Evan Vucci, File) Tesla CEO Elon Musk's growing interest in politics has drawn criticism from major investors. He previously promised to distance himself from politics but has since announced plans for his political party in the United States, a terrible move according to Gilbert. 'Elon's position as a Tony Stark-like personality at the head of the company was a boon for a long time, but it's hard to argue that his prominence isn't having some detrimental effect on the brand,' he said. 'The Tesla CEO made a broad commitment to step away from politics after his controversial time with DOGE. 'Musk has previously been criticised as being absent as Tesla's CEO, so these renewed political aspirations are unlikely to please investors who were hoping for a steadier hand at the helm of Tesla.' Grok, a generative artificial intelligence chatbot developed by xAI, the American company specialising in artificial intelligence and it's founder South African businessman Elon Musk. Billionaire Elon Musk on May 28, 2025 said he was leaving his position within the US government after leading the so-called Department of Government Efficiency in a controversial effort to slash federal spending. (Photo by Lionel BONAVENTURE / AFP) Tesla remains a market leader and is making progress in autonomous driving, particularly with its Robotaxi program. (AP Photo/Eric Gay) Adding to investor worry is Musk's attempt to channel Tesla cash reserved into his private artificial intelligence venture xAI, a move that needs to be approved by investors first, according to Gilbert. 'This will require Tesla investor approval, and even if there is a theoretical future benefit for Tesla in doing so, it's going to be a very hard case to make,' he said. Despite these pressures, Gilbert said its continued development in autonomous driving, specifically the Robotaxi program, will eventually pay off. 'That's worth watching closely, although any meaningful contribution to revenue is still years away,' he said. He added that Tesla is a 'household name' and 'even amid the chaos of Musk', it maintains its strong position in the EV market. 'That's why it maintains its position as the second most-held stock on the eToro platform in Australia, and why so many shareholders back it as a long-term investment,' he said. 'Markets expect EPS of USD$0.44 with revenue of USD$22.8 billion.' Read related topics: Elon Musk Danielle Collis Journalist and Reporter Danielle's background spans print, radio and television, she has contributed to outlets such as The Age, ABC, Channel Nine and many more. For more than four years, Danielle has worked as Liz Hayes' producer and investigative journalist on her show 'Under Investigation', covering everything from corporate scandals to Australia's most baffling crime cases. Danielle's covered a range of topics from breaking news, politics, lifestyle and now motoring. Danielle Collis
Yahoo
2 days ago
- Business
- Yahoo
Uber Stock Price Prediction: Where Uber Could Be by 2025, 2026, 2030
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Analysts are saying that Uber could hit $180 by the year 2030. Bullish on Uber? You can trade Uber futures on eToro, and if it's your first time signing up, . As Uber continues to evolve and adapt to market demands, its stock remains a focal point for investors looking to capitalize on growth in the ride-sharing and food delivery sectors. With recent positive earnings reports and partnerships in self-driving technologies, Uber's future stock performance is under close watch. Current Overview of Uber Stock Uber Technologies currently has a market capitalization of $189.25 billion and a stock price of $90.50. Analysts project a 32% potential increase and a maximum target price of $115 by the end of 2025. The stock's trading volume is 23 million, indicating strong investor interest. Uber's price-to-earnings (P/E) ratio is 15.78, notably higher than the industry average, signaling that investors are betting on Uber's future growth rather than its current earnings. This optimism is supported by the company's 2024 performance, driven by a growth in ride-sharing revenue and increased self-driving vehicle trips. With recent developments, such as Tesla's upcoming Robotaxi service in 2025, Uber's positioning in the market remains strong despite its current P/E ratio being a point of discussion among investors. Don't Miss: This AI-powered trading platform has 5,000+ users, 27 pending patents, and a $43.97M valuation — become an investor for just $500 today. Be part of the breakthrough that could replace plastic as we know it — invest in Timeplast before the July 31st deadline and help revolutionize a $1.3T industry. Methodology for Stock Price Prediction Analysts have relied on a combination of short-term price targets, historical performance and market trends to predict Uber's stock price for the coming years. Our short-term forecasts suggest an average target of $99.84, with a range between $78 and $120. These predictions are based on Uber's current market performance, positive earnings and partnerships. For long-term projections, Uber's stock price in 2030 is expected to reach the $100 mark, factoring in anticipated growth in ride-sharing and autonomous vehicle sectors. This methodology combines technical and fundamental analysis, ensuring that factors like trading volume, earnings growth and future market shifts are considered. Uber Stock Price Prediction for 2025 CoinCodex expects Uber to reach a maximum price of $96, with a minimum of $72, leading to an average price of $85 for the year. Market trends, such as continued growth in autonomous vehicle adoption and partnerships with companies like Waymo, are expected to influence these projections. The volatility of the tech sector and competition in the ride-hailing space could create fluctuations throughout the year. Uber Stock Price Prediction for 2026 In 2026, Uber's stock is expected to trade within a price channel between $62 and $88, with an average price of $75 for the year. However, this bearish outlook may not reflect Uber's ongoing developments in autonomous driving technology, continued growth in Uber Eats and the potential launch of Tesla's Robotaxi service, which could reshape the ride-hailing market and further benefit Uber's positioning. Uber Stock Price Prediction for 2030 By 2030, Uber is projected to see significant growth, with forecasts predicting stock price to reach around $180. These projections are based on the company's performance in previous years, particularly the expected increases in 2027 and 2028. As Uber expands its autonomous vehicle operations and partnerships with technology companies, its stock price is expected to continue its upward trajectory. Analysts believe that Uber's value in 2030 will reflect its dominance in the ride-sharing space and its innovations in food delivery and autonomous transport. Uber is expected to hover around $106 during the year, representing a substantial increase from its current price. Recommended: $100k+ in investable assets? Match with a fiduciary advisor for free to learn how you can maximize your retirement and save on taxes – no cost, no obligation. Unlock pro-level trading, without the pro-level fees: Sign up for Generic Trade and trade at $0.59 per side on futures and options, or tour the platform for a free. Is Uber Stock Right For You? Uber's recent upgrade to a Strong Buy rating makes it an attractive choice for investors looking for growth in the tech and transportation sectors. With predictions indicating a rise to almost $180 by 2030, Uber has significant growth potential. Investors should consider the stock's current weak rising trend and ensure that Uber aligns with their personal investment goals. While the stock offers a long-term growth opportunity, it is important to know the volatility of tech stocks and the competitive pressures within the ride-hailing and autonomous vehicle markets. This article Uber Stock Price Prediction: Where Uber Could Be by 2025, 2026, 2030 originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
COST Stock Price Prediction: Where Costco Could Be by 2025, 2026, 2030
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Analysts are saying that Costco could hit $2,000 by the year 2030. Bullish on COST? You can trade Costco futures on eToro, and if it's your first time signing up, . You've likely seen a packed parking lot if you've driven past a Costco anytime in the last few months. Wholesale companies like Costco expanded their popularity during the pandemic, and consumers continued to rely on them when grocery prices inflated in the aftermath. Investors were also rewarded as COST shares have doubled in the last two years, but how much growth can the company maintain? Read our Costco stock price forecast to learn where the share price might be headed next. Current Overview of Costco Stock Costco Wholesale is one of the largest publicly traded warehouse club chains, with stores in 15 countries and a loyal customer base that pays annual membership fees for the right to shop. Unlike traditional retailers like Walmart or Target. Costco focuses on a lean inventory model with private label brands and lower markups. Customers have less selection, but the company can offer lower prices while maintaining its margins. Costco is the driving force in the warehouse club sector compared to its peers. The firm holds over 60% market share amongst club shoppers and pulls in triple the annual revenue of its stiffest competition, Walmart-owned Sam's Club. Don't Miss: This AI-powered trading platform has 5,000+ users, 27 pending patents, and a $43.97M valuation — become an investor for just $500 today. Be part of the breakthrough that could replace plastic as we know it — invest in Timeplast before the July 31st deadline and help revolutionize a $1.3T industry. The company has been a darling of the stock market since the early days of the pandemic and now boasts a daily trading volume of more than 2.1 million shares on average. With a P/E ratio of 54.11, COST is more expensive to own than WMT or TGT, but investors have been willing to accept that so far and have boosted the company's market cap to over $423 billion. Despite the high P/E ratio, the stock's beta is just 0.99, indicating the shares are less volatile than the S&P 500. Methodology for Stock Price Prediction Costco operates on a low-margin, high-volume business model, so various factors, including financial performance, industry trends and short-term technical trading signals, influence its stock price. Here's what we used in our analysis of COST shares: Financial Performance Revenue growth: Consistent sales growth is a crucial driver of stock price appreciation. For Costco, this includes sales growth along with membership growth and retention. Profit margins: Maintaining profitability despite inflationary pressures and competitive threats in an industry where margins are notoriously slim. Cost of goods sold (COGS): Efficient inventory management and strong supplier relationships can impact margins. Costco relies on these factors to keep costs down and maintain its customer-friendly markups. Industry Trends E-commerce competition: The increasing popularity of online shopping can affect foot traffic and sales. Costco is building a solid web presence but lags compared to competitors like Walmart or Amazon Inc. (NASDAQ:). Competitive landscape: Direct competitors like BJ's Wholesale Club Holdings (NYSE:BJ) can impact market share, pricing strategies and changing consumer attitudes and economic sentiment. Technical Analysis Moving averages: Can be used as short- or long-term trend indicators. A bullish crossover occurs when the 50-day MA exceeds the 200-day MA, which could signal upside ahead. The 200-day MA often serves as a significant support or resistance level. Relative strength index (): This index measures the speed and change of price movements. High RSI values (overbought) and low values (oversold) can signal potential reversals. Chart patterns: Analysts identify patterns like head and shoulders, double tops/bottoms and triangles to predict future price movements. By carefully analyzing these factors, equity analysis firms can make informed predictions about COST's stock price and provide valuable insights to investors. Costco Stock Price Prediction for 2025 COST stock has been a powerhouse since 2024, up more than 1553% so far year-over-year and 4% alone in the last six months. The share price hovers around the 50-day moving average of $985.52 and well above the 200-day moving average of $950.60, indicating the bullish uptrend seems to remain firmly intact. Additionally, the stock's RSI reads 56.73, signaling that shares are yet to reach Oversold status, where a pullback could be anticipated. If current trends continue, it could be possible to see the stock price close in on the $1,000 mark sometime in 2025. Costco Stock Price Prediction for 2026 According to a Benzinga review of analyst coverage, 27 different equity research firms currently cover COST shares, and the overall viewpoint on the company is primarily neutral. The average price target amongst the assorted reports is $1,043.93 (representing a 9.44% upside), and the consensus rating is a Hold. A rosier picture emerges if we look at the most recent analyst upgrades from May 2025. Telsey Advisory Group has reiterated the stock is a Buy and upped their average price target of $1,086.67. This more optimistic target represents an upside of around 13.92%, so investors should closely watch future analyst updates and company catalysts. Costco Stock Price Prediction for 2030 Costco is well-positioned to maintain its market share in the warehouse club niche, but the rich valuation may give some investors pause when considering a long-term commitment. Developing a more substantial online footprint is an initiative for the company. However, its supplier relationships enable it to offer wholesale prices while maintaining higher profit margins than bigger competitors like Walmart. Can Costco crack the $2,000 mark by 2030? It'll require massive yearly gains, minimal drawdowns and continued growth in e-commerce and international markets. Recommended: $100k+ in investable assets? Match with a fiduciary advisor for free to learn how you can maximize your retirement and save on taxes – no cost, no obligation. Unlock pro-level trading, without the pro-level fees: Sign up for Generic Trade and trade at $0.59 per side on futures and options, or tour the platform for a free. Is Costco Stock Right For You? Costco's stock has grown quickly despite residing in a sector not known for meteoric growth. The volatile share, high P/E ratio and low margins may give cautious investors pause, but COST is showing enough strength to be a solid addition to a diversified stock portfolio. Its customers are supremely loyal (over 90% membership renewals), and the business model keeps inventory light and affordable. Recent analyst estimates indicate an upside potential of 10% but consult your advisor before adding a significant individual stock investment to your portfolio. This article COST Stock Price Prediction: Where Costco Could Be by 2025, 2026, 2030 originally appeared on
Time of India
4 days ago
- Sport
- Time of India
Athletics: Neeraj Chopra vs Arshad Nadeem at Poland Diamond League hits block - here's why
Neeraj Chopra and Arshad Nadeem (PTI Photo) The much-awaited clash between Olympic medallists Neeraj Chopra and Arshad Nadeem in the upcoming Diamond League may not happen, following a recent surgery on Nadeem's calf muscle. The Indian and Pakistani javelin stars were set to compete against each other in Silesia, Poland on August 16, marking their first meeting since the 2024 Paris Olympics final. In that memorable event, Nadeem won gold with a stunning throw of 92.97m, while Chopra took silver with a best effort of 89.45m. The duo were also expected to face off in Switzerland next month. However, Nadeem's coach Salman Butt, currently in England with the athlete, revealed that the reigning Olympic champion is uncertain to compete in both events. The focus, Butt said, is on returning fully fit for the World Athletics Championships in Tokyo in September. 'He (Nadeem) is more focussed on preparing for the World Championships in Tokyo in September which is why he decided to have the surgery on his calf muscle which had been bothering for a while now,' Butt said, as quoted by PTI. 'I don't think they will compete against each other until the World event,' he added. The procedure was performed by Dr Ali Bajwa at Spire Hospital in Cambridge. Nadeem is now undergoing rehabilitation in London. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Una strategia mirata per il tuo futuro finanziario eToro Click Here Undo Butt further stated that depending on his recovery, Nadeem could possibly take part in one event before the Tokyo Worlds. Poll What aspect of Neeraj Chopra's performance do you admire the most? Consistency in medals Record-breaking throws Sportsmanship 'The World Championships are very important for Arshad (Nadeem) as he finished with a silver behind Neeraj (Chopra) in Budapest in 2023,' said the coach. Nadeem, 27, has been in excellent form, having also won gold at the 2022 Commonwealth Games in Birmingham and the Asian Athletics Championships in Gumi, South Korea earlier this year. For real-time updates, scores, and highlights, follow our live coverage of the India vs England Test match here. Catch Rani Rampal's inspiring story on Game On, Episode 4. Watch Here!
